INSIGHT: SOUTHEAST ASIA - Ho Chi Minh City braces for rainy season as
3 May 2023
The project halted in 2018 over contract and financing While the city’s “Master Plan for Flooding Prevention issues between HCMC authorities and Trung Nam BT 2008–20” envisaged a multi-phased flood-control 1547, the investor and builder of the project. [...] The delay attracted the ire of the central IN BRIEF government, which issued a 2021 resolution ordering HCMC to work with the central bank and the Bank for Construction on phase one of the flood-control Investment and Development of Vietnam to complete project began in 2016, with completion targeted for the project and cut down on “irrational expenses.” The the end of 2019. [...] Regional planning for 2021-30 period, with a floods throughout the city cause traffic congestion, view to 2050 disruptions to daily business activities, and the Cities in the Mekong Delta region are trying to chronic displacement of residents. [...] Acutely aware of the danger posed by houses to higher levels from the road to cope with flooding, the Vietnamese government has promised the floods. [...] Due to the rapid expansion of the city, the water Another study estimated that with floods getting supply system is lagging, forcing many residents and worse, infrastructure damage could amount to businesses to extract groundwater while waiting for US$100–$400 million (2.3–9.3 trillion Vietnamese piped water.